• US Introduces Gambling Tax Bill| Leave a Comment

    History is repeating itself in the United States. Congressmen John Campbell and Barney Frank introduced their online gambling regulation bill in March 2011. This week Congressman Jim McDermott introduced HR 2230, the Internet Gambling Regulation and Tax Enforcement Act, in the House Financial Services Committee. The same steps were taken in the previous session of [...]

  • Online Gambling Could Bring in $42 Billion| Leave a Comment

    Last week, a new Congressional report estimated that the regulation of Internet gambling could bring in up to $41.8 billion in revenue in the next 10 years. Rep. Jim McDermott (D-WA), one of the co-sponsors of Rep. Barney Frank’s (D-MA) legislation to explicitly legalize and regulate online gaming, announced the findings, which were conducted by [...]